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Business
Peter A Walker

Scottish National Investment Bank backs fibre insulation firm with £2 million

Scottish National Investment Bank

After establishing the IndiNature Mill in the Scottish Borders - and with the production line now operational - a follow-on investment of £2m has been secured by Industrial Nature from the Scottish National Investment Bank.

The funding will be used to underpin a planned second stage of capital expenditure projects, including upgrades and additional production equipment to improve performance and manufacture new insulation products.

Andy Clapp, executive director for investment portfolio management at the Scottish National Investment Bank, said: “We have seen IndiNature go from strength to strength since our initial investment in August 2021 and are delighted to continue to support them through this planned scale up stage.

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